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Money and Finances
Reply to "Sad commentary on the American way of life"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Do you guys know how much housing and childcare cost around here? I'm the person who posted in the furlough thread about feeling stupid for. buying 3 pieces of furniture. For context, my living room has had literally only seating i have scavenged from the curb for free for the last 2.5 years. Finally I got tired of living off other people's trash and spent $300 on a used coffee table and 2 chairs. Replacing the trash couch is still too expensive, that will wait. And i still don't have curtains, just cheap blinds. Meanwhile, I have spent $1500/month on day care during this period, and until I got a federal job this spring i was spending $900/month for family health insurance. [b]But you really think it's consumerism that holds people back from saving? How deeply out of touch and moralistic.[/b] [/quote] Look at the numbers for retail. People are spending more than ever, or do you just think this is fake news?[/quote] +1 70% of our economy is driven by consumer spending. One designer bag or a few cups of starbucks coffee may not break your bank account, but when you are living hand to mouth, with no savings, those everyday trips to starbucks and $500 designer bags could count towards your savings. It all adds ups. I grew up up lower income. My parents never had a balance on their credit card. They lived pretty frugally and had enough in emergency savings to handle paying for unexpected medical costs.[/quote] And how much have medical costs gone up since your childhood? [/quote]
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